Contract signed for a new store in Newcastle, UK

Contract signed for a new store in Newcastle, UK

Clas Ohlson has entered into an Agreement for Lease pertaining to a new
store on Northumberland Street in Newcastle, UK. The retail space will
amount to a total of 1,889 square metres. The store's catchment area
comprises approximately 523,000 residents and the store is scheduled to
open in August 2011.

Future store establishments that have been contracted to date are:
Kristansund, Norway in March 2011; Bodø, Norway in June 2011; Sjøsiden
Kjøpesenter, Horten, Norway in June 2011; Akseli Shopping Centre,
Mikkeli, Finland in June 2011; Flygstaden Shopping Centre, Halmstad,
Sweden in June 2011; Newcastle, UK in August 2011; Gränby, Uppsala,
Sweden in autumn 2011; Erikslund, Västerås, Sweden in September 2011;
Byporten Kjøpesenter, Mo i Rana, Norway in October 2011; Alta, Norway in
October/November 2011; Elverum, Norway in November 2011; Karisma, Lahti,
Finland in November/December 2011; Kongssenteret Shopping Centre in
Kongsvinger, Norway in winter/spring 2012; Norrtälje, Sweden in spring
2012; Willa Shopping Centre, Hyvinkää, Finland in October 2012; Amfi
Ørsta, Ørsta, Norway in autumn 2012; Emporia, Malmö, Sweden during the
2011/2012 financial year and Mobilia Shopping Centre, Malmö, Sweden in
autumn 2013.

Clas Ohlson will, during the 2010/2011 financial year, open 19 stores of
which 4 in the UK. During the 2011/12 financial year we aim to establish
17-22 stores of which 2-4 in Finland and 1-4 in the UK. With currently
138 stores and 18 contracted stores, Clas Ohlson will have a total of
156 stores, of which 67 in Sweden, 57 in Norway, 20 in Finland and 12 in
the UK.

For further information, please contact:

Bo Heyman, Director of Establishment, Mobile +46 (0)70-597 44 90.
John Womack, Director of Information and Investor Relations, +46
(0)247-444 05.